Total agrees LNG deal with ENN
Total has agreed to a 10 year LNG deal with ENN.
Daily
Subsea Expo 2016: Huge opportunities in Brazil remain despite Zika, corruption scandal
Brazil will remain an attractive location for the UK’s subsea sector despite the Zika virus outbreak and the Petrobras corruption scandal, an independent consultant from the South American country said yesterday. Daniella Carneiro was speaking on the sidelines of Subsea Expo in Aberdeen, where a new initiative was launched to improve links between UK and Brazilian subsea firms. Ms Carneiro, a London-based director of Chartham Consulting, said UK Trade and Investment and the Brazilian Science and Technology Ministry had produced a catalogue which lays out information about subsea firms from both countries.
Statoil deepens cuts to maintain dividends amid crude collapse
Statoil ASA, Norway’s biggest oil company, deepened investment cuts and offered to pay dividends in stock as a collapse in crude prices eroded earnings.
Subsea Expo 2016: Unlocking North Sea small pools offers a $20billion prize
Unlocking untapped oil reserves in small pools in the UK North Sea could land as a $20 billion prize for the oil and gas industry according to a senior executive.
Subsea Expo 2016: Sector should learn from UK car industry how to reinvent itself
The UK oil and gas industry should learn from the car industry how to reinvent itself as a world-class technological leader, a company boss has urged.
Subsea Expo 2016: Xodus focus on North Sea innovation
Data from the HSE (Health and Safety Executive) has shown more than a third of piping and pipeline failures are caused by vibration, erosion and corrosion.
Subsea UK Guest Editor: Are you changing because you have to or want to?
Subsea Expo got off to a flying start with a busy exhibition and a packed-out auditorium for the conference plenary session.
Subsea Expo 2016: More deals could be in the pipeline for Iqarus
Iqarus has revealed its deal to acquire hygiene consultancy C-CHEC could be one of many planned acquisitions in the future.
SSE to shut coal station, up to 213 job losses
Utility firm SSE has revealed plans to shut part of a coal fired power station in England with the potential loss of up to 213 jobs.
Swedish device bound for testing in Orkney
Swedish wave-energy developer CorPower Ocean is signed up to test a new device at the European Marine Energy Centre (Emec) in Orkney.
Azerbaijan needs reforms to weather cheap oil – IMF
The International Monetary Fund (IMF) today urged Azerbaijan to boost reforms and diversify its economy in order to withstand a plunge in global crude prices which has badly hit growth, budget revenues and the manat currency.
Bristow helicopter flying to Nigeria’s Lagos crashes in sea
A Bristow Helicopter Group Ltd. craft crashed into the Atlantic sea on Wednesday 95 miles outside of Nigeria’s commercial capital, Lagos.
BP’s chief economist: There can be “no sacred cows” in a crisis
BP’s chief economist Spencer Dale has said there are “no sacred cows” in a crisis.
Major turnover blow for Lundin
Lundin Petroleum inked a fourth quarter loss of $494million after being hit with impairments.
Oil prices could jump 50% by the end of 2016
Oil bulls distressed that last week’s rally fizzled can find some comfort in forecasts for a bigger and longer rebound by the end of the year.
Whatever you do, don’t tell GE’s chairman the oil price
Jeff Immelt doesn’t want to be told the oil price, doesn’t want to be shown a fistful of charts and isn’t interested in the lastest market predictions.
If You’re Wondering How Low U.S. Gas Can Go, Check the Rig Count
U.S. natural gas just fell below $2 per million British thermal units for the third time in three months and futures are at the lowest level for this time of year since 1999.
Subsea 7 inks North Sea deal with six companies
Subsea 7 today confirmed it has landed a three-year framework agreement with Chevron North Sea, Dana Petroleum, Hess Denmark, Nexen Petroleum, Taqa Bratani and Talisman Sinopec Energy UK.
2016 inflation rate ‘kept low by oil prices and weak growth’
Tumbling oil prices and weaker growth are expected to keep inflation at an average of just 0.3% throughout the year, a report said.
Cheap fuel prices may have bottomed out warns RAC
Motorists have been warned that the cheap fuel market may have bottomed out as the price of oil shows early signs of recovery.
Wind turbine put on hold
Controversial plans to build a 260ft wind turbine near a north-east village have been put on hold until councillors visit the site.
Highland hydro developer to launch construction phase on £13.6m project
A Scottish hydro-energy developer which recently warned the sector faces a countdown to extinction is preparing to start work on a new £13.6million Highland project. Bosses at Green Highland Renewables (GHR) said its new project at Loch Eilde Mor, near Kinlochleven, will be one of the last hydro schemes commissioned in the region due to UK Government cuts to subsidies. Under the feed-in tariff (FiT) system, small-scale solar, wind and hydro schemes have received fixed-rate payments for the electricity they generate since 2010.
Opinion: What does the data say?
We know we need to be more clever with our data, especially when you look at the cost of traditional enterprise storage.
Subsea Expo 2016: Industry to focus on continuing growth
Subsea Expo 2016 will launch tomorrow in Aberdeen with 5,000 people signed-up for the three day event.
Siemens says UK energy plans are “no way to run” policy
Engineering giant Siemens has criticised UK government policies for creating uncertainty, hampering investment in gas plants, wind farms and factories.